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Strategies & Market Trends : Sharck Soup

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To: James C. Mc Gowan who wrote (15641)4/10/2001 8:45:25 PM
From: Sharck  Read Replies (3) of 37746
 
SOOOO, seems the market really wants to trade up. MOT missed their revised downward guidance by 2 cents. Hand held and chip-sets and semis are supposed to lead us out of the recent turmoil yet the US (and global) economy continue to look weak. We are for the most part daytraders and my calls on SPWX which more then tripled from 11/16s last week to 2.85 today is testament to the fact that we can and DO play both sides of the fence here in the kitchen. Technically this is a bear market rally and we shall see where the next dip finds support. If it does not break 1700 then yes we can put our bear suits away and be more bullish not withstanding another Q of crap earnings coming. That been said, shorting is still easier then buying long even in a bull market as with shorts you are working after the facts where longs is more guess work IMHO. A few more busy days ahead then back to business as usual.
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